Private Advisor Group LLC Has $378,000 Stock Holdings in Oshkosh Co. (NYSE:OSK)

Private Advisor Group LLC trimmed its stake in shares of Oshkosh Co. (NYSE:OSK) by 29.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,771 shares of the company’s stock after selling 1,579 shares during the quarter. Private Advisor Group LLC’s holdings in Oshkosh were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in Oshkosh in the 3rd quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in shares of Oshkosh in the 1st quarter valued at $31,000. Bessemer Group Inc. grew its holdings in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after purchasing an additional 612 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its holdings in Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OSK has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Jefferies Financial Group dropped their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Stifel Nicolaus reduced their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird decreased their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $123.14.

Oshkosh Trading Up 2.2 %

OSK opened at $105.15 on Wednesday. Oshkosh Co. has a fifty-two week low of $90.56 and a fifty-two week high of $127.98. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $102.64 and a 200 day simple moving average of $107.43.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. On average, sell-side analysts anticipate that Oshkosh Co. will post 11.38 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.75%. Oshkosh’s payout ratio is currently 17.86%.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.